The second pillar is knowing when to enter the market. While knowing when to exit the market is important, the right timing of the forex market literally helps you preserve your capital.

When you master your entry technique, you are on your way to dominating the market.

Let's now finish with the last pillar of your forex trading strategy. More details on the strategy here.

Risk management

Even the best forex trading strategies that work can fail without proper risk management. Proper risk management techniques will help you preserve your capital. Without risk management strategies, you are simply playing with fire.